Title: NOTE 1 – BASIS OF PRESENTATION
Accounting Policies: NOTE 1 – BASIS OF PRESENTATION
The accompanying schedule of expenditures of federal awards summarizes the expenditures of the
Organization under programs of the federal government for the year ended June 30, 2024 and is
presented on the accrual basis of accounting. The information in this schedule is presented in
accordance with the provisions of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform
Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform
Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented
in, or used in the preparation of, the basic consolidated financial statements.
NOTE 2 – ACCOUNTING PRINCIPLES
Expenditures for direct costs are recognized as incurred using the accrual method of accounting and
the cost accounting principles contained in the Uniform Guidance. Under these cost principles, certain
types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: NOTE 3 – INDIRECT COST RATE
The Organization has elected not to use the 10-percent de minimis indirect cost rate under Title 2
U.S. CFR Part 200, Subpart E, Cost Principles.
The accompanying schedule of expenditures of federal awards summarizes the expenditures of the
Organization under programs of the federal government for the year ended June 30, 2024 and is
presented on the accrual basis of accounting. The information in this schedule is presented in
accordance with the provisions of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform
Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform
Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented
in, or used in the preparation of, the basic consolidated financial statements.
Title: NOTE 2 – ACCOUNTING PRINCIPLES
Accounting Policies: NOTE 1 – BASIS OF PRESENTATION
The accompanying schedule of expenditures of federal awards summarizes the expenditures of the
Organization under programs of the federal government for the year ended June 30, 2024 and is
presented on the accrual basis of accounting. The information in this schedule is presented in
accordance with the provisions of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform
Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform
Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented
in, or used in the preparation of, the basic consolidated financial statements.
NOTE 2 – ACCOUNTING PRINCIPLES
Expenditures for direct costs are recognized as incurred using the accrual method of accounting and
the cost accounting principles contained in the Uniform Guidance. Under these cost principles, certain
types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: NOTE 3 – INDIRECT COST RATE
The Organization has elected not to use the 10-percent de minimis indirect cost rate under Title 2
U.S. CFR Part 200, Subpart E, Cost Principles.
Expenditures for direct costs are recognized as incurred using the accrual method of accounting and
the cost accounting principles contained in the Uniform Guidance. Under these cost principles, certain
types of expenditures are not allowable or are limited as to reimbursement.
Title: NOTE 3 – INDIRECT COST RATE
Accounting Policies: NOTE 1 – BASIS OF PRESENTATION
The accompanying schedule of expenditures of federal awards summarizes the expenditures of the
Organization under programs of the federal government for the year ended June 30, 2024 and is
presented on the accrual basis of accounting. The information in this schedule is presented in
accordance with the provisions of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform
Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform
Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented
in, or used in the preparation of, the basic consolidated financial statements.
NOTE 2 – ACCOUNTING PRINCIPLES
Expenditures for direct costs are recognized as incurred using the accrual method of accounting and
the cost accounting principles contained in the Uniform Guidance. Under these cost principles, certain
types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: NOTE 3 – INDIRECT COST RATE
The Organization has elected not to use the 10-percent de minimis indirect cost rate under Title 2
U.S. CFR Part 200, Subpart E, Cost Principles.
The Organization has elected not to use the 10-percent de minimis indirect cost rate under Title 2
U.S. CFR Part 200, Subpart E, Cost Principles.